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Search Results 0 to 11 of about 12 (some duplicates have been removed)
ABC
Dec 26, 2012 4:00am PST
either side over this christmas break. no movement moving forward on these fiscal cliff talks. the focus will shift to the senate. they have to try to craft something together that will pass both the house and the senate. so, the burden is now on them to try to strike some sort of a deal. that's because on friday before congress left for christmas, the house was unable to get any sort of a deal passed through. >> and, reena, give us a play-by-play. what can we expect this week? where will the white house be focusing their efforts? >> reporter: right. as i mentioned, capitol hill, now, taking the emphasis over at the senate side. the other concern that the white house does have is to make sure that they come to their different party lines. the democrats want to see, obviously, the middle class not faced with any sort of tax hike, which there are $500 billion worth of tax hikes expected on january 1st. republicans are saying that spending cuts. they want to see more of that. and democrats do not want to go off of their focus on where they are right now, to get to that point. that's really a big divide that both the whit
ABC
Dec 28, 2012 4:00am EST
four days left before the fiscal cliff deadline. >> i have to be very honest, mr. president. i don't know, time-wise, how it can happen now. >> reporter: senate majority leader, harry reid, lashed out at house speaker, john boehner, accusing him of running a dictatorship. >> john boehner seems to care more about his leadership than keeping the country on a secure footing. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his hawaii vacation yesterday. speaker boehner called the house back into town for an unusual sunday session. but members of congress understand the 11th-hour actions may not be enough to appease the public. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the
ABC
Dec 24, 2012 4:00am EST
infam mouse fiscal cliff. members of congress are still pointing firngs over who is to blame for the lack of progress. meanwhile, connecticut's independent senator, joe lieberman expects congress to work right up until the new year's eve deadline. he's not sure that will be enough. >> it's first time i'm more likely that we'll go over the cliff than not. if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> the president and congress are on short holiday breaks. they're due back later in the week. one possibility in all of this mess is a partial deal on taxes while putting off agreement on spending until some time down the road. >>> former president george h.w. bush may be spending thanksgiving in the hospital. he's been there since thanksgiving. he's battling bronchitis and a lingering cough. >>> south africans are sending warm wishes to former president nelson mandela. he's been in the hospital f two weeks with a lung infection. he's said to be in no imminent danger. he's 94 years old. >>> and margaret thatcher is recuperating in the hospital. she's 87 years old and has faced
ABC
Jan 1, 2013 4:00am EST
some nagging problems. >> yeah, among them the fiscal cliff which we have all gone over at least technically speaking, but an overnight vote in the senate is a step towards fixing that. >> new details about the condition of secretary of state hillary clinton and the precarious place where doctors found her blood clot. >> all right, on this new year's day college football's biggest bowl games get under way. if the action late last night is anything to go by we have a lot of excitement awaiting us. >>> good morning, happy new year, everybody. i'm john muller in for rob nelson. >> i'm paula faris. happy new year, everyone. what better way to start off than scenes from new york. more than a million folks crowding into times square, to see the famous ball drop welcoming in 2013 but you wouldn't know anything special happened now because look at this. everybody has gone home and almost all of that confetti has been cleaned up. they are quite on top -- >> by the time the sun comes up, that will be clean. out in seattle hundreds of thousands gathered to watch the fireworks at the space needle. fireworks launched off the needle as well as the groun
ABC
Jan 1, 2013 4:00am PST
senate working through the night to reverse the effects of the fiscal cliff. >> and a vote came in the wee hours of the new year's and tahman bradley has more on this last-ditch session. kind of ruined some politicians' night, didn't it? >> reporter: exactly right. happy new year to you, paula and john. the senate bill passed in the wee hours of the morning with overwhelming support and heads to the house where its fate is uncertain. as americans rang in the new year, the senate was in session in the middle of the night passing a bill after the fiscal cliff deadline had gone by. >> i think we can say we've done some good for the country. >> reporter: since lawmakers missed the midnight deadline nearly every american wakes up with higher taxes but congress can undo those tax hikes if the house passes the senate's bill. vice president biden, who was instrumental in brokering the deal, told reporters he's hopeful it can get through the house but you never know. >> you shouldn't predict how the senate will vote before they vote and number two, you surely shouldn't predict how the house is
Search Results 0 to 11 of about 12 (some duplicates have been removed)